EU-28: EU Market Protection Suppresses Agricultural Imports
Over the past decade the U.S.–EU agricultural trade deficit has gradually increased from $7 billion in 2005 to $12 billion in 2015. This report identifies EU domestic market protection mechanisms that skew agricultural imports by heavily discouraging imports of processed agricultural products. Tariff escalation and import duty relief for inward processing mechanisms were introduced with the CAP in the early ‘60s and have maintained through all CAP reforms.
